"Measures currently being considered include reviewing the location and number of coal loading points, investment in land-based port loading infrastructure, the construction, delivery and commissioning of two 500t barges to supplement the existing fleet of 100t barges and improving harbour dredging capabilities. Vessel scheduling and management practices are also under review in addition to the split of functions between TIG and the port operator/stevedore" (source Quarterly above) The bottleneck was barge loading which also added to time in port for ships and extra freight charges for CFR sales. The commissioning of the two x 500 to barges with dredging of the loading area will have, IMO, a 3 fold effect: -Reduce costs for ship turn around time & increase ship loads. -reduce barging costs -lift the monthly sales/shipping rates.
All we need is a shipping rate from mid June to the end October of 1 ship a week ( averaging 34K ton) to hit 600K ton for the season. Anything more than that is a bonus, IMO. 40k ship loads would give us 720K ton, IMO.
TIG Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
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